1. FINANCIAL BRIEFINGS
2016
Welcome

3. Age profile of Dorchester and Oxford Clergy

4. ORDINAND TRAINING ROUTES
Residential course of 2 (if under 50) or 3 (if under 32) years
Regional courses – part-time over 3 years
Context based courses (mixed mode) - combining academic study with parish work or placement

5. COSTS OF THEOLOGICAL STUDY
Study route
Standard Grant
Residential college
Single student
16,321
Married student
14,251
Non-Residential context based training
9,376
Regional course
6,594

6. RME ARRANGEMENTS Age of the candidate Standard Grant Number of years
Aged up to 32
15,185 3
Aged 33 to 39 2
Aged 40 to 54
6,594
Aged 55+

7. FINANCIAL BRIEFINGS
2016
Welcome

8. The budgeting process
The Planning and Budgets Sub-Committee (the Finance Committee)
Bishop’s Council
Diocesan Synod

9. 2017 Budget Priorities Increase in vocations
Increase in safeguarding provision
Continuing Ministerial Development provision
New Communities

10. 2017 Budget Assumptions

11. 2017 Budget Overview Budget 2017 £’000 Forecast 2016
Parochial Ministry
18,654
18,496
18,450
Administration
& Finance
471
416
438
Mission in the Diocese
3,111
2,712
2,881
National Church – Mission to the Nation
1,046
1,021
Glebe and Fees income
(4,557)
(4,501)
(4,434)
Parish Share
(18,768)
(18,431)
Budget / Forecast Surplus 43
287 75

12. Parochial Ministry costs
Budget
2017
£’000
Forecast
2016
Stipends
9,037
8,989
Employers NI
723
719
Pension
3,243
3,254
Subtotal
13,003
12,962
Ministerial oversight & Grants
1,388
1,349
1,303
Central Fund for Training
848
827
Housing
3,416
3,358
Glebe & Fees Income
(4,557)
(4,501)
(4,434)
Parochial ministry costs
14,098
13,995
14,016

13. Mission in the Diocese Budget 2017 £’000 Forecast 2016
Department of Mission
2,208
1,833
1,948
Board of Education
314
309
Communications Dept
286
285
Grants and other costs
303
339
Total
3,111
2,712
2,881

14. Department of Mission - detail
Budget
2017
£’000
Forecast
2016
Parish Support – PDAs, Youth, Children & Giving
617
434
506
Vocations & Training for Ministry
665
515
558
Ordinands
365
Mission in the World
161
159
Other
400
360
Total
2,208
1,833
1,948

15. Administration and Finance
Budget
2017
£’000
Forecast
2016
Services to parishes
324
262
295
Finance Compliance and Secretariat
294
297
286
Legal and Chancellor
166
156
Less interest and other income
(313)
(299)
Total
471
416
438

16. National Church costs Budget 2017 £’000 Forecast 2016
Central Fund for Training – Vote 1
848
827
National Church - other costs – Votes 2 to 5
1046
1021

17. Summary Balance Sheet as at 31 December 2015
General £M
Designated
Restricted
Endowment
Total
Fixed assets
0.1
71.3 -
222.8
294.2
Investments
0.9
0.6
107.3
108.8
Current assets
7.4
2.1
1.7
(0.1)
11.1
Liabilities
(1.7)
(2.4)
(11.0)
(15.2)
Total assets
6.7
71.0
2.2
319.0
398.9

18. Questions and comments ?